The cryptocurrency market is maintaining its bullish momentum, particularly after Bitcoin's surge following the U.S. elections. This has sparked interest in altcoins such as Polygon, VeChain, and Cosmos, which are showing growth potential this week.
Polygon: Potential for Reversal
Polygon (POL) has been in a prolonged downtrend for several years but now shows signs of a potential trend reversal. Last week, the token gained 7%, suggesting it may have bottomed out. Currently, POL is trading near a critical resistance level, and breaking through it could pave the way for a significant rally, with potential targets of $1.28 and $1.56.
VeChain: Signs of Growth
VeChain (VET), an Internet of Things (IoT) token, has already begun its upward trajectory. Last week, VET surged by an impressive 27% and is currently trading at $0.03257, above a strong support level. Breaking its current resistance at $0.03300 could lead to higher levels, with resistance zones at $0.036 and $0.043, making VET one of the week's standout performers.
Cosmos: Strength in Momentum
Cosmos (ATOM) is also gaining attention as its price increased by nearly 20% last week. ATOM is trading at $6.18, within a significant support zone. A breakout from this level could start a strong rally with the potential to test the upper resistance trendline at $12.
With the crypto market gaining momentum, these three altcoins—Polygon (POL), VeChain (VET), and Cosmos (ATOM)—are worth keeping an eye on this week. Each is positioned near critical levels that could lead to significant gains if the broader market remains bullish.
